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Employment Placement Agencies in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Employment Placement Agencies Market Research Report | SIC N78.100 | Mar 2017

Shaky placement: In the current year, economic uncertainty is expected to cause revenue to fall

IBISWorld’s Employment Placement Agencies market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£12bn
Annual Growth 12-17
4.9%
Annual Growth 17-22
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Profit
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Employment
178,582
Businesses
12,636
Industry Analysis & Industry Trends

The performance of the Employment Placement Agencies industry is closely linked to the hiring intentions of public and private-sector firms and, consequently, to prevailing economic conditions. Consequently, industry revenue contracted by almost 50% in 2008-09 as a result of the global financial crisis. As the economy recovered, industry revenue went from strength to strength at the beginning of the five-year period through 2016-17. However, growth was curtailed due to falling business confidence, and as a result revenue is expected to have contracted from 2015-16.

In the current year, revenue is expected to fall by 3.6% to £11.6 billion. This contraction is largely expected to be a result of the uncertainty caused by the UK's decision to leave the European Union... purchase to read more

Industry Report - Starting a New Business Chapter

The main barrier to entering the Employment Placement Agencies industry is developing a strong enough reputation to gain a foothold in the market. This includes reputation among hirers and, to a lesser extent, among applicants. Largely revolving around consistently supplying the right applicants to employers and directing applicants to the right jobs, a strong reputation is crucial in generating the word-of-mouth recommendations that are all-important when marketing business-to-business services.

Once a firm has developed key client relationships, these are difficult to break if the firm continues to perform its role well. It .. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Employment Placement Agencies Industry?

Agencies in this industry list employment vacancies, refer applicants to jobs or directly place them in permanent employment. The individuals referred or placed are not employees of the employment agency. The activities of online placement agencies are also included in the industry.

Industry Products
General recruitment Executive and management recruitment Human resources strategy and consulting
 
Industry Activities
Listing employment vacanciesReferring applicants for permanent employment


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